Comments on: Mortgage or Super? http://www.wealthfoundations.com.au/blog/mortgage-or-super/ Personal wealth management issues Sat, 21 Jan 2012 07:04:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Wealth Foundations http://www.wealthfoundations.com.au/blog/mortgage-or-super/comment-page-1/#comment-11165 Wealth Foundations Mon, 07 Nov 2011 04:21:23 +0000 http://www.wealthfoundations.com.au/blog/?p=280#comment-11165 Nicholas - thanks for your question, however we can't adequately answer without first knowing your full circumstances (as a matter of law and common sense). Suggest you seek some advice on this matter to confirm the strategy and ensure no hidden issues. It seems worth some proper investigation. Nicholas – thanks for your question, however we can’t adequately answer without first knowing your full circumstances (as a matter of law and common sense). Suggest you seek some advice on this matter to confirm the strategy and ensure no hidden issues. It seems worth some proper investigation.

]]> By: Nicholas Deamer http://www.wealthfoundations.com.au/blog/mortgage-or-super/comment-page-1/#comment-10968 Nicholas Deamer Sat, 22 Oct 2011 10:35:09 +0000 http://www.wealthfoundations.com.au/blog/?p=280#comment-10968 I have $126,000 out of my current $500,000 in super which is nonpreserved. This means I can access it at any time. Would I be better off using this money to reduce my $244,000 mortgage @ 7.6% than leaving it there (invested in cash for the time being)? The weekly saving on the mortgage repayments could then be salary sacrificed back into super, reducing my taxable income. Would this be a good strategy? I have $126,000 out of my current $500,000 in super which is nonpreserved. This means I can access it at any time.

Would I be better off using this money to reduce my $244,000 mortgage @ 7.6% than leaving it there (invested in cash for the time being)?

The weekly saving on the mortgage repayments could then be salary sacrificed back into super, reducing my taxable income.

Would this be a good strategy?

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